https://www.taxtmi.com/caselaws?id=799691 A penalty notice under Section 274 must clearly specify whether proceedings concern concealment of income or furnishing inaccurate particulars. Retaining both alternatives in a standard-form notice, while the assessment order alleges furnishing inaccurate particulars and the penalty order imposes penalty for concealment, fails to communicate a definite charge and shows non-application of mind. The assessee's participation or response on merits does not cure this defect. Consequently, the notice is invalid and the penalty imposed under Section 271(1)(c) cannot be sustained. en-us Wed, 16 Sep 2026 00:00:00 +0530 Fri, 25 Sep 2026 08:16:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=799691 A penalty notice under Section 274 must clearly specify whether proceedings concern concealment of income or furnishing inaccurate particulars. Retaining both alternatives in a standard-form notice, while the assessment order alleges furnishing inaccurate particulars and the penalty order imposes penalty for concealment, fails to communicate a definite charge and shows non-application of mind. The assessee's participation or response on merits does not cure this defect. Consequently, the notice is invalid and the penalty imposed under Section 271(1)(c) cannot be sustained. Case-Laws Income Tax Wed, 16 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=799691